Question: Hi, I am needing some help with my homework assignment. Using the numbers 4,5 and 6 that falls in that range in exhibit 6.3 to
Hi, I am needing some help with my homework assignment. Using the numbers 4,5 and 6 that falls in that range in exhibit 6.3 to match the companies to the respective number. I provided the companies and Exhibit 6.3 shows common-size balance sheet and income statements for 12 companies. I am not sure exactly how to complete this assignment just need some help.
PROBLEMS6.1 Financial Statement Detective ExerciseExhibit6.3 shows common-size balance sheets and income statements for 12 companies, described below. Your job is to match each company with its financial statements.
Accor One of the world's leading hotel operators, owning or managing almost 4000 properties throughout the world. It serves travelers in Europe through its flagship chains Mercure, Novotel, and Sofitel, and its economy chains Ibis and Formula 1. In the United States, it operates budget brands Motel 6 and Red Roof Inns. Accor has embarked on a sale and leaseback strategy for its upscale properties to reduce exposure to slowdowns in the market and is working to transition many of its midscale hotel leases to variable cost arrangements.
Arcelor
Arcelor was formed by the combination of three European steel companies and is now the second largest steel manufacturer in the world. The company produces carbon steel and stainless steel for the automotive, construction, appliance, and packaging industries.
Carrefour
Carrefour is the world's second largest retailer. Based in France, it operates more than 11 000 stores under two dozen brand names, including Carrefour (hypermarkets), Champion (supermarkets), and Shopi (convenience stores). Unable to build new stores in France, until recent changes in French law, Carrefour has expanded through acquisitions, at home and abroad.
Dell
Dell is the world's #1 direct-sale computer vendor. In addition to a full line of desktop and notebook PCs (about 80% of total sales), Dell also offers workstations, storage systems, network servers, and Ethernet switches. Dell's direct-sales, built-to-order model allows for lower inventories and lower operating costs, a necessity for the PC price wars and the occasional slump in corporate IT spending.
Deutsche Telekom The #1 telecom company in Europe. Deutsche Telekom is Germany's leading fixed-line phone operator, its T-Mobile unit serves millions of wireless phone customers, and T-Online is one of the Europe's leading internet service providers. Although privatized in the 1990s, the German government still holds a 15% stake and an additional 22% through a state-owned development bank.
The FPL Group is a holding company with operations across the United States. Most revenue comes from its utility subsidiary, the largest electricity provider in the state of Florida. The electricity is generated from the company's nuclear and fossil-fueled power plants.
Interpublic is one of the world's largest advertising and marketing services companies. Operating through offices in 130 countries, its flagship agencies include McCann World group, Lowe & Partners, and Hill Holliday. Like all of the global players in its industry, much of Interpublic's growth has come from acquisitions.
Nestl
Nestl is the world's #1 food company. It is the world leader in coffee (Nescaf), and is also one of the largest bottled water (Perrier) and baby-food manufacturers. At last count, it is the owner of over 9000 branded products worldwide. Nestl's recent purchase of Ralston-Purina has made it a top player in the pet food business. In addition to its food business, Nestl owns nearly 27% of cosmetic giant L'Oreal.
Pfizer
Pfizer is the world's largest research-based pharmaceutical company. Its best-known products include Viagra, Zoloft, and Lipitor. In addi-tion to prescription drugs, Pfizer also makes a broad range of popular over-the-counter remedies, including Sudafed and Benadryl.
SAP
SAP is the world's leading provider of enterprise resource planning software used to integrate corporate back-office functions such as human resources, accounting, distribution, and manufacturing. The company also offers a range of products on sup-ply chain and customer relationship management. SAP's large customer base provides a steady stream of recurring licensing and service revenue.
Southwest Airlines
Southwest Airlines offers low-cost, no-frills air travel to 60 cities in the United States. A model for low-fare upstarts the world over, the company has enjoyed over 30 straight years of profitability. Southwest's business model is simple: flights are short (most are under two hours), and the airline usually lands at small airports to avoid congestion at large hubs. Originally concentrated in the western part of the United States, Southwest has expanded into key eastern markets, such as Philadelphia.
Toyota
Toyota is the world's #2 car maker (by sales) and its most profitable. In addition to longstanding core brands - Camry, Land Cruiser, Celica, Corolla, and the luxury Lexus line - Toyota has pioneered the market for hybrid-powered sedans (Prius). While most of its North American and European competitors are downsizing operations, Toyota continues to pursue an aggressive growth strategy
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